Inospace announces new chief operating officer to spearhead growth

Johannesburg, South Africa - Inospace, South Africa's leading owner and operator of serviced logistics parks, is thrilled to announce the appointment of David Bernstein as its new Chief Operating Officer (COO). This significant move is aimed at enhancing the company's operational capabilities as it embarks on an exciting phase of growth.

David Bernstein, distinct from the HR Director of the same name, has been a key figure at Inospace for the past three years, serving as the Chief Investment Officer. During his tenure, Bernstein has played a pivotal role in guiding the company's investment, asset, and project management strategies. His leadership has led to notable growth in Inospace's acquisitions and asset portfolios, marking a series of achievements, including the company's R1,25b merger with Fortress Property in 2022.

A chartered accountant by profession, Bernstein has an impressive track record that includes serving as the CFO of Heriot Properties' African portfolio. There, he demonstrated his adeptness in project managing a comprehensive portfolio of shopping centres across Africa. Bernstein's experience also spans roles at Ernst & Young in South Africa and BDO in London, where he cultivated a keen interest in commercial property.

The transition to COO underscores Inospace's dedication to operational excellence and superior client service. In his new role, Bernstein's objectives will focus on streamlining systems, improving operational efficiencies, and leading the property management team in delivering top-tier services to clients.

Rael Levitt, CEO and founder of Inospace, commented, "David's depth of experience and proven asset management and financial capabilities make him uniquely qualified to drive our operational initiatives forward into a new era of superior technology and asset management services".

This appointment signifies a strategic shift in Inospace's operations, highlighting the company's readiness to seize growth opportunities. With Bernstein steering operational strategies, Inospace is poised to further its mission of providing innovative space solutions that cater to the dynamic needs of entrepreneurial businesses.

A key differentiator for Inospace remains its internal asset management platforms, crucial for driving occupancy and rental growth. The company's dedicated marketing team continues to expand its substantial online presence, effectively generating leads and inquiries. These inquiries are converted into viewings through a specialised call centre team, followed by an on-site sales team equipped with a structured sales process and asset-specific lettings targets. Utilising the Lisa technology platform, Inospace minimises reliance on third-party brokers, providing real-time market data to maximise the potential of transformed vacant spaces through its capex investment programs.

"As we actively pursue the expansion of our business, our approach is methodical, leveraging a blend of operational efficiency together with a strategic recycling of equity from mature or non-core assets," said Bernstein. This strategy underscores the company's commitment to sustainable growth, reinforcing Inospace's dedication to empowering businesses with value-adding logistics space solutions".

For more information about Inospace and its strategic direction under David Bernstein's leadership, please visit www.inospace.com.

About Inospace

Inospace is South Africa's premier owner and operator of serviced logistics parks. With a commitment to innovation, excellence, and client-centricity, Inospace provides entrepreneurial businesses with cutting-edge space solutions, fostering growth and success in the modern business landscape.

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